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Turkey’s unemployment rises to 11.8 percent, highest since March 2010

The unemployment rate in Turkey rose to 11.8 percent in October 2016, the highest figure since March 2010, according to data released by the...
Business

Trustees appointed to 2 more companies in Sakarya in post-coup crackdown

Trustees were appointed on Thursday to two companies in Sakarya province due to their alleged ties to the Gülen movement, which the government accuses...
Business

Prominent businessman Verdal Hosta detained over Gülen links

Turkish police have detained prominent Turkish businessman Verdal Hosta as part of an ongoing investigation into alleged followers of the Gülen movement, the Habertürk...
Business

CB cuts interbank borrowing limit to TL 11 bln to protect lira

As a measure to halt the recent loss in value of the Turkish lira, the Turkish Central Bank decreased the borrowing limit of banks...
Business

450 miners fired after mine collapse in Turkey’s Southeast

Four hundred fifty men working in a mine in Siirt’s Şirvan district where at least 16 miners died in a collapse on Nov. 17...
Business

[PHOTOS] Minister Işık tests national rifle at delivery ceremony

The Mechanical and Chemical Industry Corporation (MKEK) delivered Turkey's first domestically produced modular National Infantry Rifle (MPT-76) at a ceremony in Kırıkkale province on...
Business

Turkish lira hits rock bottom at 3.89 against dollar, 4.10 against euro

The depreciation of the Turkish lira has yet to slow down as the currency fell to fresh record lows against both the US dollar...
Business

2 more members of industrialist Boydak family arrested

Two more members of the Boydak family, prominent industrialists from the Central Anatolian town of Kayseri, were arrested in İstanbul on Tuesday, with Bekir...
Business

Turkish lira hits rock bottom at 3.77 against dollar, 4 against euro

The depreciation of the Turkish lira has yet to slow down as the currency fell to fresh record lows against both the US dollar...
Business

Turkish lira at new record low, leading the drop in EM currencies

The Turkish lira on Monday fell more than 2 percent against the US dollar, weakening more than any other emerging market currency. The lira sank...
Business

Turkey to replace Google, Gmail with domestic providers ‘aligned with local culture, values’

Turkey's Communication Minister Ahmet Arslan on Friday said a local search engine and email service that compatible with national culture and values would soon replace...
Business

[UPDATE] 2 Doğan Holding executives detained over Gülen links

The chief legal advisor and the former chief executive of Turkey's largest media conglomerate, Doğan Holding, were detained in police raids early on Thursday...
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